Mitch McConnell is Dead Wrong
Federal deficits must be brought down, but Republicans like Senate Minority Leader Mitch McConnell are wrong to say we do not need to raise more revenue. The truth is that federal
revenue today at 15.8 percent of GDP is lower than 60 years ago. While corporate profits are at an all-time high, corporate income tax revenue as a percentage of GDP is near a record low. “Sen. McConnell is dead wrong. Instead of cutting programs for working families, the elderly and the sick, we need to ask profitable corporations for additional revenue as part of the solution to our deficit crisis,” Bernie said.
Read more reasons why Mitch McConnell is wrong (pdf) »
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